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and electron or light or something hits, makes electron go up, come back down, boom, off goes the energy in the form of light. the same thing happens when you excite the innermost electrons. if you excite those-- it takes a lot more energy-- and you're knocking electron way up and it comes way back down, boom, that light photon that emerges is beyond the range of seeing. it's even beyond the ultraviolet, and that's what x-rays turned out to be. simply high frequency light from the orbital electrons jumping orbits that correspond to great energies. but after that, it was found that there were radiations coming from different minerals that did not have to do with the electron orbiting around nucleus. it had to do with the nucleus itself. and the radiations that were emitted, to make a long story short, were three different types. now you might think they'd call them maybe "a," b, c, right? but these are physicists, gang. we didn't call them "a," b, c. you know what we called them? alpha, beta, gamma. that's "a," b, c in greek, yeah? so alpha, beta, gamma ray. and it turns out that those ra
call today from the international energy agency. fueling that energy renaissance: a boost in oil and shale gas because of new technologies like fracking. the group also expects the u.s. wille a neexport by 2030, meaning we'll sell more oil than we bring in. right now the u.s. imports 20% of its energy needs. >> susie: so our word on the street tonight is "oil". joining us, gregg greenberg, reporter at the street.com. hey, gregg, i know you have been talking to a lot of oil experts today. it's kind of hard to imagine the u.s. after all these years being energy independent. what were they telling new what did you hear? look, scsi, the trend is certainly favorable. it's nice to hear we are producing more energy here in america and much greater than the reverse but i have to take reports like this with a grigg grain of salt. we have been hearing about peak energy for a long time, hearing about saudi arabia's reserves for a long time and you have to take it with a haley dose of skepticism, good news then again you have to be a little bit keptic. >> susie: all right, but if you do beli
. >>> international energy agency leaders have lowered their growth forecast for nuclear power generation. some governments are starting to reduce their reliance on the energy source. last year's iea report stated nuclear power generation could grow by 70% from 2010 levels. but this year, the organization expects 58% growth by 2035. agency officials say last year's accident at japan's fukushima daiichi nuclear power plant is a factor for germany and switzerland to reduce dependence on atomic energy. they also expect power generation from renewable sources like wind and solar to increase to about one-third of the world's total output by 2035. >>> many countries are now seeking to diversify their energy sources. industry ministry officials in japan are aiming to launch the world's first futures trading market for liquefied natural gas. they hope to put it into effect by march 2014 to bring down lng prices. japanese imports of liquefied natural gas have surged since the fukushima daiichi power plant accident led to shutdowns of all but two reactors in the country. and the dmod ti has been traded a
renewable energy resources act. >> thank you. barbara hill, assistant general manager for power. i am here today to discuss with you the way we are proposing to comply with the california renewable energy resources act. it's more commonly referred to as the rpf legislation. the act requires the puc to meet 100% of our retail sales with hetch hetchy and rps [speaker not understood] generation. what we're proposing to do is rely on our existing processes where possible and appropriate to incorporate compliance into our budgeting and financial planning process. in most years, in 83% of all years, business as usual, no extra action is necessary on the city's part to comply with this legislation. we would need to buy any additional rps supplies, 83% of the time. what i'm here today for is to get input and direction from you on our proposal to give our general manager the authority to procure rps supplies to meet any unexpected requirements when they do occur, typically in dry years or in the event of an unexpected generator outage. and to set a cost limitation for compliance, which is allowed u
by financial and energy groups. now, after the closing bell, the focus was on cicso systems. the internet gear maker reported its quarterly results late today. and those results were two cents better than estimates. net sales were up from last year, too, and higher than expected. c-s-c-o has been undergoing a restructuring for the past year, managing uncertain demand for its telecommunications equipment's pinched profit margins. the stock was flat before tonight's earnings report. shares were up about 4% in extended hours trading. now, as erika reported earlier, home depot's strong third quarter earnings and optimistic outlook really helped drive buying interest. today's 3.6% rally came on more than double its usual volume, and takes the stock to its highest price since 1999. but the buyi interest did not extend to home depot's main rival, lowe's. lowe's shares were essentially ghchanged evebu lihesy r tlie aavangthraveol slightly heavier than average. home depot wasn't alone in reporting strong earnings. dick's sporting goods boosted full-year outlook after a better than expected quarter.an s
mutual insurance. responsibility. what's your policy? new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. >> shepard: nation's airlines facing what appears to be the first pilot shortage in 50 years according to the "wall street journal" which our parent company owns. journal sites several reasons behind the expected struggle to fill the cockpits including a new rule set to take effect next august it requires new pilots to have 1500 hours of flift experience. that's six times the minimum right now. and all that training is not cheap. keep in mind the average starting salary for a pilot is roughly 20,000 bucks at regional airlines. 36,000 at major airlines. this comes as the industry braces fo
. and it's challengin the best innovators in america to create radical new energy storage technology. you know, way above what we have now. this is something very powerful, to be able to keep rovers going on the moon, in mars, things that could be useful, in your cell electric vehicles, something that just is a radical leap in new technology. but i don't want to go into a lot of detail on that. you'll hear more about nasa's efforts later. and what i'm going to do1r is ge a little more background on challenge-driven innovation. and i'm going to do that just by plaijerrizing some people because it makes it a loteasier for me. i want to look at this quote, prize is a very old -- an old idea that is surprisingly powerful in our modern society. this is by a study that by mckenzie and company, back in 2010. prize is a very old idea, very powerful in our modern society. surprisingly powerful in our modern society. mckenzie also said this, 32,000, in 2010, there were 32,000no competitions, competitions, prizes, awards. that's a big number. it could be bigger but it's a big number, for one year,
energy north america and kick the program o off. that early notification period needs to meld well with the formal launch of the statutory opt out period, that's the opt out program we've talked about before that's required by the state. so we want those two components to work well together. we'll be presenting to you our key communication strategies and our overall budget, and again the proposed clean power sf timeline that factors in these changes, and in particular the early notification period concept. to given you a quick overview of the timeline, and with an emphasis on the action item for you, i'm turning to slide three, where, at this time period, we are reaching out to yourselves, to members of the board, to the mayor's office, we having the joint meeting with lafco to make sure we're really on track with the intentions from the board and the mayor, making sure that we are putting together a customer notification education plan that's supportive of your intentions. we'll be asking you to approve that plan on the 30th, in the joint meeting, and also to allow us to go forwar
by the international energy agency comes as new technologies opens up huge oil reserves underground. the iea said u.s. oil output will surpass that of saudi arabia and other countries by 2017. the u.s. has established technology to extract shale oil from hard rock layers thousands of meters below the ground. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient by 2035. that's due to an expected surge in the production of shale gas, a type of natural gas also trapped in underground rock. america currently relies on imports for 20% of energy needs. once the u.s. achieves successful sufficiency in energy, it may start showing less interest in oil producing regions including the middle east. >>> let's check on the markets. the u.s. markets changed little overnight. trading volume was low as other markets as long as the u.s. bonds market was closed for veterans day. and to see how stocks in japan are doing, we go to ramin mellegard at the tokyo stock exchange. how are things kicking off over there? >> good morning to you. yes, indeed. still a bit of hesitation
my energy costs to go up just because i'm getting a cheaper coffee maker. >> reporter: john had the same concern when he was shopping for appliances. >> i couldn't find any information besides the price that could tell me which one was more environmentally friendly or which one saved energy. >> reporter: that information wasn't available anywhere. so he started s actual vinia labs based in bethesda. >> we do consumer research to find out how consumes are use these products and we take that into a testing laboratory at the university of maryland and we test each and every product to find out how much energy they use. >> reporter: consider this. two coffee makes are could cost you $100 in the store but coffee make are number one costs you $200 to run over five years while coffee maker number two only costs you $35 to run over five years. the rating system lays that out for you. it also takes into account the zip code where at appliance is sold and the cost of energy in that area. logan hardware just started using the ratings system. store owner gina schaefer says she is thrilled w
points, that is the biggest loss percentage wise of all the indices. in the energy pits, by the way, natural gas, take a look at what happened. contrasting with oil, natural gas getting a big pop almost 5% pop today. lots of news of what this administration might be able to accept, they may not be negative on. awaiting earnings because the wide reach seen as an economic dull weather for the country and certainly tech stocks in particular. no progress, ballooning deficits, that is what european leaders are facing across the pond but also the situation we're facing right here at home. watch out, the u.s. could become the next grease. plus we're going back to the global leadership conference where she is surrounded by all kinds of business leaders. what do you have coming up? >> we were surrounded when richard branson was here. they scattered, they all went to go listen to what is of ccurse one of the most exciting and innovative entrepreneurs on the planet. coming up, another one, this time jimmy wale of wikipedia, the cofounder. you and i haven't spoken to him in the past. boy is he
by 2017, u.il ori aria ne mho f erain oil and a shell sesvewi beesnsleorhe rnou. -- oil a gre poib. energy is in mndtrl tis llal sghy. it i aifre sryn eae cles wl meand the m sharply over the xtece. the international agency -- energeyelvemail be spped to asia in theute dillchgihe map o global energy flows. >> and no major plunge for the daxod. we on this report fmhe anurstk chgen at movintoy. >> to 0.7%, the gmastk de ltn e pvis week, so maybe it is already good ns tt d n inevitably plunged further on e rstrindaf is ek political issues like greec eisl ifn the united states, kpi iesrs xis darngeason is about to come to an e i gean so far, very few mag t suriitthr earnings and many doubt whetherheutok mi in will manage to change the trend. l'av aloser loo at some of the market numbers. thax ending justlitlup 78. euroox0 down. theowonp a bit to 1235 theus adg a $1.2710. >> we seem to having se chnical dficulties. l's tn to some japanese stocks. they have taken de closing almost one o dn ony. the reason come a week gdp numbers showing the first contraction in three years. >> whltin gba comma
process. in san francisco most of the energy is used by commercial customers. we will not be able to achieve that big beautiful build-out that we're planning without those commercial customers being put into an opt out so enough of them stay in to get the bonding ability and the economies of scale to make sure that we can do the full build out and hire the thousands of people, et cetera. thanks. >> you said that marin opt in? >> no, marin, they did their initial thing a couple of years ago. they just completed their enrollment and enrolled all of their customers a few months ago, and that included commercial customers who were then able to opt out if they wanted to. but they enrolled everybody. and i know that -- yes. >> president torres: okay. have any further comments? no? motion to assert city attorney privilege as requested. >> so moved. >> second. >> president torres: we're going to move all those in favor signify by saying aye. >> ayes. >> president torres: motion carries. let's move into closed session. >.any public comment before we o into closed session? >> i think she ha
is considering shipping some of their u.s. shale gas assets to asia. with the current push for energy independence in the u.s., would that even pass regulatory muster and what impact would that have on the stock price? >> a lot of people are feeling that epa will make it so that the only one that can export from here is cheniere lng. i don't think you'll be able to export. i think the government will stop it. tom in new york? tom? >> caller: boo-yah, jim, from new york. >> good to have you. >> caller: i've been hearing so much about true religion. where do you think they're headed? >> it's happening. you have to be on to the next one. that is for real. i'm looking for the next takeover play. but only one that has good fundamentals. how about charlie in washington state? charlie? [ busy tone ] >> wow, charlie sounds like one of those eagles plays i called in yesterday. yeah, it was my fault. the fiscal cliff is clouding judgment and overshadowing good investment opportunities. we have to keep the pressure on. and then we can go back to saving for our kids and retirement. "mad money" wi
see koreas as a partner. joaquin sold his company for the energy industry. >> korea is a great launch pad. very innovative. a great track record, u.s. companies are teeming with large companies like lg, samsung to be the launching pad to be a spring board for the world. >> samsung is a electronics giant but has been engaged in a legal battle with apple over patents. the deputy minister for the knowledge economy is reluctant to answer questions whether the legal dispute will hurt efforts. >> to they can bring more. >> the interpretor says korea has goals. >> we want to promote more vigorous exchanges and investments and ideas and technologies. >> the free trade agreement calls for job creation as one goal. 30 korean owned companies will be holding a job fair here as part of the conference. >> veterans around the bay area were honored for service today. but many returning from plaigss like afghanistan and iraq are having a difficult time moving from military life to jobs in the civiliannv,yv sector. here is laura anthony from martinez. this day is about honoring those who served in the
: they don't have to do with just healthcare, they deal with energy. a huge job creator. head of the chamber of commerce was on cavuto and said energy, that is what where we will get jobs. the feds will close off more federal land a.m. even though obama said in the debate no, we haven't. we're going to open them up. we have. >> dana: great american success story in innovation and ingenuity of technology created that is now putting america on a path to become less dependent on foreign sources of energy. that is true on state and private property. not true on the federal land, because they are pecked to death by ducks. every governor is coming up with a different plan. not only if you are an energy company do you teal with the federal government regulations you have the state government regulations that are varying. oil doesn't respect state borders. so on the energy side of thing, a big deal. also on banking and financial regulations. there is one industry that helps. lawyers. they will pore over the regulations. >> andrea: don't you think a lot of people suspect it would happen? it started b
energy will help you go. ♪ ♪ so buy a bottle of pink lemonade a and ♪ ♪ you can help fight breast cancer today. ♪ [ female announcer ] se people like to pretend a flood could ner happen to them. and that their homeowners insurance protects the [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. neil: whatevers case, rumors ju to try to help out in some storm-affected areas. no can do unless you sign up and join the union, even on a temporary basis. florida -- association director, you would know better than anyone, if that is so. because, a lot of workers have talked to fox and others saying they are ready to help, and they have toe part of thenion in order to help is, this true? >> first, i want to say our hearts go out to eveone impacted. what hapned is that. i work for a group of u utilitis called to assist the long island power authority, and i called over to the long island power authority we made arrangement for tnsfer of crews, but they said at end of the caution, before we do this call to the
is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. so, which superfast 4g lte service would you choose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? is
. >>> the international energy agency says the united states could pass saudi arabia to become the world's largest oil producer by 2020. that is pretty incredible. the agency says ten years after that, the united states could be an oil exporter. that means we export more than we're getting out of the ground. but yes, pigs are flying and here's the thing, right now, if you want to export u.s. crude oil, it's really hard to do. you have to cut through a lot of red tape. washington does not make it easy, no matter how lucrative it could be. we spoke to jamie webster. he says this will be an issue for the oil markets within the next 18 months. right now, you're already starting to see pressure from sellers who want to export to places like canning de. pressure will increase as we see light sweet crude inventories grow. all that money could help with this problem. it's been 466 days since the u.s. lost its top credit rating. what are we doing to get it back? exporting energy would help. so would a deal to keep us from falling over the fiscal cliff. erskine bowles told me earlier, this is truly the magic mo
the regular life. phillips'. [ phillips' lady ] live the regular life. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. >>> our second story outfront, 50 days until we fall off the fiscal cliff, unless washington acts. both parties claim to be optimistic about a deal to avert the end of the year combination of an end of the year increase in tax rates and slash in spending. how exactly, now, we know there are a lot of meetings scheduled. tomorrow, with the labor community. wednesday, the business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and minority leader nancy pelosi. so, will
are proposing that that procurement be from renewable energy credits. >> so, the way they're titled would be appropriate? >> they would be. they would be qualified resources under state law. >> if we had -- >> if we had them, yes. >> and we have no geo thermal here? >> correct. we have purchased it in the part, but we do not have any in our portfolio today. >> where do we purchase it from? >> we purchase from the geo thermal system in guyser. >> in guyser ville? >> yes. >> are they acceptible our hydro now? >> yes, commissioner, they are accepting our hydro. yeah, another hooray, that's three in one meeting. [laughter] >> we have -- we were able through the legislative process to explain that were we to have the same rules applied to us, we would just be selling our hydro and substituting in other renewable resources. the objective of the law is to in part to reduce the emissions from power plants. we don't have any power plants that emit. >> [inaudible]. >> yeah, i have a couple of questions. so, we can't bank the rps resources? >> we can. under the rules, we can -- if we have -- if we d
energy efficiency installed in tandem for signing up with the program so there are reasons to reach out even to the communities we're not planning to enroll in the first phase and that is really important. the last point that i would raise just to make sure it's on everybody's radar screen, and i ask all the commissioners to hear this one because it's something i haven't brought up before, and commissioner campos i think you were at least at a hearing about the revenue bond oversight committee. some very serious issues have been raised about that committee and as the build out work proceeds and gets off the ground next spring we need to make sure that any of these questions and complications that currently exist with the revenue bond oversight committee are cleaned up and that body is fully independent and functional when we start bonding for the large scale local installation of renewables and efficiencies. if you folks would -- i wanted to give you that red flag right away so you're on top of that. >> thank you very much mr. brooks. any other member of the public that would like to
things. you need great intellectual energy and physical energy. petraeus is the first guy since world war ii the public has known. the irony, it to me -- one of the surprises to me in writing this book is the people we lionize, the soldiers of world war ii, they were the people became the generals of vietnam. the we rightly demonized. they're the same men. the difference is, world war ii, there was accountability. in world war ii, success was rewarded, the failure was punished. nobody knows -- first american commander in the african european in the army in world war ii. he was fired. a bunch of other generals were fired. they were replaced by names -- in 1940, dwight eisenhower was lieutenant-colonel on the west coast. george marshall picked him out and said that is the type of guy i need and began promoting these guys. we do not have leadership these days. instead, we have a parade of generals go into iraq. mediocrity, not doing much. coming home feeling entitled to a promotion. that is what has happened to the military over the last 50 years. tavis: what is at the epicenter of this -- 1
according to the national energy agency. by 2020 the u.s. could be the largesoil producer in the world. >>> kevin clash, the voice on elmo on sesame street, is taking a leave of absence after allegations surfaced of a relationship with an underage male, but clash admits to the relationship saying that it was between two consenting adults. >>> the word of the year in the oxford american dictionary for 2012 is gif which stands for graphic image formats. it's widely used on the internet. other words include eurogeddon, super pac and sooup err storm. well, a new study finds a link between women who had the flu during pregnancy and autism. children born to women who had the flu while pregnant were at least twice as likely being diagnosed with autism before the age of three. pregnant women who had a fever for over a week were also at risk. researchers are urging pregnant women to get their flu shots. >>> stocks started the week on the flat side but there was a an excitement when there was a trading glitch that ate up half the day's trading volume. 216 securities were affected. antivirus soft
,dwell, a married mother of two, was on a media tour promoting her petraeus book. >> yes, he's a very high-energy person and i think he does gain energy from feeling like he's elnsequential and making a difference. fferenorter: petraeus, one of s,erica's most decorated soldiers, has called his nfidelity unacceptable and unfair to his wife holly who he ublicly praised at his military retirement. praieedless to say, i'll never be able to adequately express my love and appreciation for all that she has done. but i can at least say here this morning thanks, hol, i love you. (applause) >> reporter: the f.b.i. is now winding down. do one faces charges. members of congressional intelligence committee, though, ghe angry they were not put in the loop during the petraeus investigation. but the f.b.i., scott, says with no national security issues involved such notification was not required. >> pelley: bob, petraeus has been talking to some of his friends and i understand you talked to one of those friends today. >> i did, scott. coe friend that i talked to says he's been in touch with petraeus hn a regular
. but i am the saving money on energy type. so we switched to the cold cycle and with tide coldwater his teddy bears are clean. polar bears. that's our tide for conserving energy. on this veterans day we want to tell you about a local effort part of a nationwide program from the library of congress called the gunman's history project. we are here with more. the federal program began in 2000 and has collected 85,000 oral histories so far helping in that effort is an entire court house and waukegan. many other employees set aside one day last month to record the amazing wartime experiences of a dozen world war two veterans. we fall out of formation the second engine is starting to smoke. we walked but very mild altogether. we walked. there were memories still so big it even though nearly 70 years have passed, 88 year-old george carlo was a radioman on ab 24 liberator one week after his 20th birthday he was shot down during a bombing mission. >> the navigator there were body parts all over the airplane. but he still has the 1944 telegram first informing his parents he was missing in
't get the irony. i'm not the tree-hugging type. but i am the saving money on energy type. so we switched to the cold cycle and with tide coldwater his teddy bears are clean. polar bears. that's our tide for conserving energy. there were killed in the explosion. he colones the home next door with his ex-wife. he says his daughter sent him a message last week to say there was a problem with the furnace. he said he was shocked when his daughter told him that the house had been leveled. his ex-wife is not commenting on the report. investigators suspect natural gas played some role in the explosion. they have not pinpointed a cause. three dozen buildings are so badly damaged they will need to be demolished. congress returned for its lame duck session this morning and at the top of the to-do list? the looming fiscal cliff. the fiscal cliff is a combination of spending cuts and tax hikes that are expected to kick in at the end of the year. president obama has said he will not accept any deal that does include a tax increase on the very wealthy. speaker of the house john boehner
on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> right. >> capital exists. >> will the capital be spent? i want to go back. i want to backtrack because i know you are so good at this. with you l the capital be -- so far it has been invested. is that fair? >> it has been invested on private lands, private property owners giving up mineral rights under state permits but something is about to change. that everybody needs to be mindful of. w
altima. ♪ now get a $199 per month lease on a 2013 nissan altima. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> i was told never to beat him. keep up with him, it's a rite of passage. he's a guy, you're a girl, and he's a legend, and i'm a soccer room. in retrospec
that. >> that's right. we love him. he's already brought a great energy to the 9:00 and we're really, really happy. >> there's a lot of happy people outside rockefeller center. >> we're not sure we've seen this quite so far in advance. of the actual event. >> one direction is coming to the plaza. usually doesn't start on friday night for a conner is on tuesday. it stretches all the way down the block. usually a day or two in advance people come. sara haines is outside with these folks. hey, sara. >> you can't see. the line wraps all the way around and up about four blocks. right now i'm here with a bunch of girls from pennsylvania that have been here since saturday, but you went home, can you tell us about that? >> we had a field hockey tryout, that we had to go to because it decides what team we are on some it was mandatory. >> you took the bus back and then your mom and dad -- >> we took a bus back yesterday morning and got home around 11:00. our tryout was over around 5:00, we showered and my parents held us back. >> the mom that held the place by herself for the whole day, mom of
this morning's money report. >> reporter: good morning. dramatic reversal on oil, international energy agency predicts u.s. will be the world's top oil producer in five years all but self-sufficient in energy in 20 years, major reason increased production of shale oil we are doing better with keeping up with mortgage payments. percentage of those two months or more behind is now the lowest in more than three years. top british journal says no evidence tamiflu works. dozens of governments around the world stopped it in case there's another global flu outbreak world health organization is convinced it works the journal >>> beautiful picture from the sutro tower. high clouds and sun warmer weather on the way. >>> chevron has found a way to get around costly clean air requirements. the plant was damaged in august by a fire that sent a black cloud into the air several thousand sought medical attention. chevron has told the air quality management district it intends to repair not replace the damaged unit that means they will not be required to install new equipment chevron says it will voluntarily
for north dakota. correspondent alicia acuna looks at the state's future and the place in american energy independence. >> of interest to people all over the world. oil rich shale formation that covers 25,000 square miles of north dakota, montana and parts of canada. it was discovered in 1950. but the president of the north dakota petroleum council said recently companies found where it's most productive. >> at this point, other people are searching for it across the world. >> typical balkan well is projected to produce for 30 years. >> it means that domestic energy. it means for every barrel we produce we need one less barrel from some unfriendly country. >> worries about the upcoming fiscal cliff and lowered forecast for demand recently put a dent in price per barrel. the biggest threat major drop in oil prices and increase regulations and taxation. >> we are making contact with senators in washington, d.c. >> it's the heart of the country where the activity is full throttle. >> the oil companies are spending $2 billion a month on their investment, just to drill well here. >> north dako
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